Invesco QQQ (NASDAQ:QQQ) Shares Sold by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 64,064 shares of the exchange traded fund’s stock after selling 659 shares during the period. Invesco QQQ accounts for 1.5% of Connecticut Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Connecticut Wealth Management LLC’s holdings in Invesco QQQ were worth $26,235,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares during the period. Commonwealth Equity Services LLC boosted its stake in Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after buying an additional 162,691 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after acquiring an additional 43,000 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $8.58 during midday trading on Friday, hitting $435.48. The company’s stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34. The stock’s 50-day moving average price is $436.53 and its 200-day moving average price is $412.18.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, March 18th.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.